Casting corporate profiteering as a key driver of inflation would be a political winner for Democrats—and it has the virtue of being true.
by Robert Reich, In These Times
Despite the Federal Reserve’s most aggressive campaign in generations to slow the economy and bring price increases under control, prices continued to climb at a brutally rapid pace in September — with a key inflation index increasing at the fastest rate in 40 years.

Even though the Fed has quickly raised interest rates from near zero to a range of 3 to 3.25 percent, overall inflation — 8.2 percent over the year through September — continues to roar. Worse, it’s headed in the wrong direction. After stripping out volatile fuel and food, inflation increased. No wonder investors expect the Fed to announce another rate increase at the end of its next meeting, on Nov. 2.
All this could have severe political consequences for Democrats in the midterm elections three weeks from today. Republicans are focusing on inflation because voters see it as their biggest immediate problem, and it’s easy to pin blame on the Democrats because they’re in charge. Biden and the Democrats have provided no retort except to talk about their efforts to reduce drug prices.
Recent Posts
New Report From Corporate Democrats Falsely Claims Medicare For All Is “Unpopular”
October 28, 2025
Take Action Now The report declares that Medicare for All is in the category of “unpopular economic policies.” The claim is false.By Jeff Cohen…
Unfettered And Unaccountable: How Trump Is Building A Violent, Shadowy Federal Police Force
October 27, 2025
Take Action Now The administration gutted guardrails and offices meant to rein in abusive actions. Some families say they have no idea where their…
Israel And “The Big Lie”
October 27, 2025
Take Action Now The Global Nonviolent Action Database details some 40 cases of mass movements overcoming tyrants through strategic nonviolent…
The Business of Killing
October 27, 2025
Take Action Now Newly Released Data Reveals Air Force Suicide Crisis After Years of ConcealmentBy Austin Campbell, The Intercept Staff Sgt. Quinte…




